Richard Li, Winklevoss-Backed CMCC Global Targets $300M for Latest Crypto Fund

CMCC Global, an early investor in the Solana blockchain, has also backed Cosmos and Terra.

By Jamie Crawley

Oct 29, 2021 at 8:21 a.m. UTC

Updated Oct 29, 2021 at 2:33 p.m. UTC

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Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

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Venture capital firm CMCC Global is targeting $300 million worth of investments for its latest crypto fund with the backing of investors, including billionaire Richard Li and the Gemini exchange’s co-founders, the Winklevoss twins.

Richard Li, who backed CMCC’s previous crypto token fund, will roll over to the latest fund along with other existing investors, Bloomberg reported on Friday.
Gemini co-founders Cameron and Tyler Winklevoss are also investors in the new fund, according to the report.
CMCC Global, which was founded in 2016, was an early investor in the Solana blockchain having invested $1 million in a private token sale in 2018. The VC has also backed other blockchain projects like Cosmos and Terra.
CMCC co-founder Charlie Morris said the firm plans to assign part of its latest fund to areas, such as decentralized finance (DeFi) and non-fungible tokens (NFTs).

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